ABB hits all-time high on strong intake, datacentre orders

Prysmian SpA

22/04/2026 08:31

Adds share move in bullet 1, peer share moves in bullet 6

   ** ABB ABBN.S shares jump nearly 6% to all-time high after the Swiss engineering company posted a significant rise in first quarter sales and order intake

** ABB reported orders in the first quarter of $11.3 billion, up organically 24% year-on-year and 16% ahead of consensus

** The company said it expects 2026 sales to increase by a high single-digit to low double-digit percentage, up slightly from its previous view for comparable annual revenue growth of 6-9%

** "The strength in order intake will be seen as the key positive, with not only datacentre orders up 'triple digit' %, but strength across the board with record order levels in both Electrification and Motion," Citi says

** The brokerage sees datacentre order level likely boosting sentiment for other electrical stocks

** French peers Schneider Electric SCHN.PA and Legrand  LEGD.PA are both up 3%, Italy's Prysmian PRY.MI rises 2.5%

 (Reporting by Danny Callaghan)

 ((danny.callaghan@thomsonreuters.com))